Consumer inflation in November was 1.4 percent according to the INDEC

(Relatively) good news!

Argentina’s consumer prices rose 1.4 percent in August, according to the government’s statics agency, Indec. The number represents a 0.3 percent decrease compared to July’s rate of 1.7 percent. At this pace, the yearly rate would exceed the government’s expectation of 17 percent.

Eight months into 2017, the accumulated inflation is 15.4 percent.

Inflation last month was mainly pushed by the health industry (which saw a 2.5 percent increase in prices), living expenses (a 2.2 percent increase), food (a 2.1 percent increase) and education (a 2 percent increase).

Although inflation seems to be slowly decreasing, it is still a rather slow change. The good news is that even though a 1.4 percent increase was what the private analysts predicted, inflation is still showing a constant decrease.